> "5-year exclusivity contracts" with thousands of property owners that gave it permission to relist their properties at a higher price. If they had that kind of contract wouldn't it just be 'listing', not 're-listing'?

> Getting involved with Hands-Free Automation, or HFA, required a payment of between $20,000 and $30,000 to effectively own a piece of Airbnb listings.

That is a huge chunk of change to gain no actual ownership in the underlying asset. 30k would be closer to REIT territory, not 'buy in so